Adds Leading Analysis and Simulation Software for Floating Platforms to Comprehensive Portfolio

EXTON, Pa. — (BUSINESS WIRE) — October 3, 2013 — Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, today announced that it has acquired the MOSES software business from Ultramarine, Inc. Used around the world, MOSES is the premier analysis and simulation software for complex projects involving the transportation and installation of offshore structures, including the launch of jackets and floatover of topsides.

Featuring functionality covering the full range of stability, motions, and mooring of single or multiple floating bodies, MOSES has become the mainstay for professional engineers to reliably meet stringent offshore code requirements, reduce project risks, and increase safety. With this newest addition to its portfolio, Bentley further strengthens its leadership in the accelerating offshore energy industry following its acquisition in March 2011 of SACS, flagship software for the structural design of fixed offshore structures. The integration of MOSES and SACS enables unprecedented comprehensiveness in offshore engineering, in particular for the analysis and design of floating production, storage, and offloading (FPSO) structures.

David Hollister, Bentley CFO, said, “Bentley’s acquisition and mainstreaming of SACS advanced the breadth of capabilities available for the design of offshore infrastructure – for instance, now including wind farms. SACS’ wider adoption and rapid development since becoming a Bentley offering underscores our commitment to the offshore industry. The addition of the FormSys naval architecture technology to SACS in November 2011 expanded its reach to address FPSO units and other floating systems. The acquisition of MOSES now extends our software’s capabilities to include the most complex analyses of all types of offshore installation projects. We will be working closely with Ray Nachlinger, creator of MOSES and CEO of Ultramarine, Inc., as we integrate SACS and MOSES to deliver unrivalled FPSO design tools.”

Nachlinger said, “We at Ultramarine are very pleased that MOSES has a new home at Bentley Systems, and I view my new consulting role as an opportunity to accelerate what software can contribute to the creation and deployment of more varied and resilient offshore structures. We’ve seen how Bentley quickly provided the users of SACS with greater value, and this makes us all the more confident that the Bentley team will do the same for the users of MOSES.”

Phil Christensen, Bentley vice president, offshore, said, “Our next step is to leverage the Bentley technology platform to enhance MOSES’ modeling and graphical visualization capabilities, as well as its ease of use. This will improve the user experience and extend the application of MOSES for more interactive design decisions. In addition, full integration between SACS and MOSES will allow a cohesive model to be used for all structural and naval architectural analyses.”

SACS Going Forward

SACS continues to be the analysis mainstay for the world’s offshore engineers. With 70 percent of the Earth under water, better-engineered, safer offshore structures will play an ever greater role in sustaining the world’s economies and environment. Accordingly, SACS is being applied to enable ever-more complex marine endeavors.

For example, in the Tokyo International Airport re-expansion project – a 2012 Be Inspired Award winner for Innovation in Offshore Engineering – Nippon Steel & Sumikin Engineering Co., Ltd., used SACS to conduct fatigue analysis on the 1,100-meter-long steel jacket structure for this runway that extends into the sea. Recently, SACS was instrumental in unique work being done to salvage the Costa Concordia from the marine sanctuary off the Italian island of Giglio, where it capsized last year. In this 2013 Be Inspired Awards finalist project, TECON S.r.l. used SACS to design underwater platforms and other auxiliary structures that helped the ship to be righted intact – an unprecedented process that minimized environmental impact.

The integration of MOSES will enable Bentley Systems to continue to empower offshore engineers to think bigger, and implement safely.

Bentley is the global leader dedicated to providing architects, engineers, geospatial professionals, constructors, and owner-operators with comprehensive software solutions for sustaining infrastructure. Bentley Systems applies information mobility to improve asset performance by leveraging information modeling through integrated projects for intelligent infrastructure. Its solutions encompass the MicroStation platform for infrastructure design and modeling, the ProjectWise platform for infrastructure project team collaboration and work sharing, and the AssetWise platform for infrastructure asset operations – all supporting a broad portfolio of interoperable applications and complemented by worldwide professional services. Founded in 1984, Bentley has more than 3,000 colleagues in 50 countries, more than $500 million in annual revenues, and since 2005 has invested more than $1 billion in research, development, and acquisitions.

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